Put your data estate in order
Digital means data
Lesson 5 – Data is everywhere. What you can do with it depends on how easy it is to access and explore. Traditionally, data was tightly woven into the application it served. Using it anywhere else was tough and you were limited to the tools in the app. Cloud databases now make it a lot easier to move data around or copy it to a secure central location. Smart business intelligence tools query data from several systems in one view. You can ask questions in everyday language to get new answers and fresh insights. None of this exploration affects the original application.
By starting with small experiments, you can figure out which data matters most to your goals (or discover new ones) and invest to push further in the right direction
Key things to remember are:
1. Understand the current state first
Most organisations don’t have a true high-level view of their data, which limits their ability to profit from it. Start by analysing what you have, what it would take to make the data useful and what you could consume from outside.
2. Focus on predictive capabilities
Understanding what happened yesterday is important, but predicting what will happen tomorrow changes the game. AI and machine learning in the cloud put predictive power within reach for any organisation